Economic Calandar for 02/25/2009

10:00 Existing Home Sales
10:00 Bernanke speaks to the House Committee on Financial Services
10:30 EIA Petroleum Status

Next Bubble

Bubbles can’t be classified as either good or bad…cause they are neither. Bubbles are market’s natural reaction to current market condition. Bubbles can be good if you can identify them (commodities in 2008 would be good example) others see pain in them. Here is small list of possible bubbles erupting in the near future:
- student [...]

Bernanke: Recession may end in ‘09; Stocks climb

“Hopefully this is a bit of the future to come.”
NEW YORK (AP) — Federal Reserve Chairman Ben Bernanke has steadied Wall Street by telling Congress the recession might end this year.
AP – Federal Reserve Board Chairman Ben Bernanke testifies on Capitol Hill in Washington, Tuesday, Feb. 24, 2009, before the …
In his semiannual report to [...]

Money Market Funds … the new safe haven

With the increase of the market’s volatility over the last few months, more and more investors are putting their money in safer lower yielding vehicles such as money market funds. Money Market assets topped $4 trillion for the first time making it the largest mutual fund group.
Many mutual fund companies are however thinking of [...]

New FINRA CEO

The Board of Governors of the Financial Industry Regulatory Authority (FINRA) today announced that Richard G. Ketchum has been appointed FINRA’s Chief Executive Officer. Ketchum currently serves as CEO of New York Stock Exchange Regulation and as Chairman of FINRA’s Board of Governors, a position he has had since FINRA was created in 2007 [...]

Morgan Stanley/ Smith Barney $3 Billion Bonus

Morgan Stanley and Smith Barney’s top advisers will be getting bonuses totaling up to $3 Billion dollars. The company has explicitly stated that the funds are not coming out of the TARP fund but out of the revenues from the Joint Venture program. Since ‘Wall Street Bonuses’ have been under such scrutiny over the past [...]

Economic Calandar for 02/24/2009

9:00 S&P/Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Bernanke speaks to Senate Banking Committee
10:00 Richmond Fed’s Manufacturing Index
5:00 PM ABC Consumer Confidence Index

Compliance issues:

Are you RIA with assets under management & also actively trading in your personal account?
You may need to know this:
Main issue is conflict of interest! Frontrunning – “The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients have been given the information” would [...]

10 Tax Benefits For The Self-Employed

“Tax season is comming up. Your Broker Dealer has given you your 1099 and now its time to tax plan for your business. These 10 benifits will add up to more than a standard deduction which make it in your best interest to itemize.”
How would you like to reduce your taxable income while simultaneously increasing [...]

Citi Served

Government is in talks with Citigroup to increase its stake up to 40%. This is bringing futures green since lots of investors were afraid of nationalization. Bank executives are aiming for no more then 25% stake but it may go higher based on how negotiations develop.
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